Decoding $DXY: Unveiling Resistance at 107.348 and Gauging Gold'
The
DXY
chart reveals a bearish trend, marked by a series of lower lows, signaling a potential shift in market sentiment. Despite attempts to rally, the index faced resistance at 107.348 and struggled to establish higher highs. With support at 99.617, investors are closely watching as the
DXY
fails to gain upward momentum. Traders should exercise caution as the bearish trend appears to be strengthening.
DXY
chart reveals a bearish trend, marked by a series of lower lows, signaling a potential shift in market sentiment. Despite attempts to rally, the index faced resistance at 107.348 and struggled to establish higher highs. With support at 99.617, investors are closely watching as the
DXY
fails to gain upward momentum. Traders should exercise caution as the bearish trend appears to be strengthening.